HomeMy WebLinkAbout0093 p~ior to entry ot a judgment entorcing thi: Mongage i(; (a) Borrowcr pays Lende~ all sunu which would bc ihen dur ondc~
this I?:u~tgagc, the Note a~d notes sccuriog Future AJva~cci~ it any. had no ac~xk~a~ion occu~~ed; (b) Bo~rowa cures
att brcaches u[ any othcr covenants o~ agreemcnts ot 6orrower cootai~ed in this Mortgage: (c) Borrower pays all rcaso~ahlc
cxperua incurrcd by Leoder in entotcins the covcna~ts and ag~ccmc~t: ot Borrower contained in this Mortga~e and in ?
toto~cina ~eode~'s rtmedies u provided in pangraph 18 hercof, i~cludina. but not limited to. rcuonable attorney's ita: and
(d) Borrowe~ takes such action as l~ender may reasonabty rcyuirc to auure that the lie~ of this Mortgagc. I.e~dt~'s intcrest ~
in 1hc Propeny and Borrowe~ i obligatioo to pay thc sums securcd by this Mortgage shall continuc unimpaircd. Upo~ such
paymeot and curc by Botrows~. this Motigage and the obligatioos secured hereby shall remain in [ull torca and etfect as i( '
no accek~atan had occu~red. ~
20. Assi~ame~t of Reatr. AppoiMa~eet ot Rccelvea As addilional securily hercunder. Bonower hueby assignc to '
Ltnde~ the rc~ts of the Pwperty. provided that Borrowe~ shall, prior to accekratan undcr parag~aph 18 hereof or abandon• '
ment of tha Peoperty, have the ri~ht to colkct a~d rctaio such rents as they become due and payabk.
Upon accelention under paragraph 18 hercof o~ abandonment of the Propehy. Lendcr shall be entitkd to 1~ave a
receive~ appointed by a court to enter upon. take p~usession of and manage the Property and to collect the rcnts of the ;
Property. including thoae past due. All rc~ts collected by the ~eceiver sfull be applied 6rst to payment of the casts of
management oi the Property and collection of re~ts, including. twt not limited to. receiver's fees. premiums on receiver
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bonds and nasonabk attorney's fees, aod then to thc sums securcd by this Mortgage. 71~e recciver sfiall be liable to accou~t }
only (or those rentt actualty reoeived.
21. F1~ture Advanee~. Upon request by Borrower. [_endcr, at lenckr's option within tw~enty years trom thc datc ot thia
Mortgage. may make Future Advances to Borrower. Such Future /ldvances. with interat thercon. shall be secured by this
Mortgage when evidencal by promissory nota stating that said ootes are securcd hereby. At no time shall the principal ~
amou~t of the indebtedne.ss ucured by this Mortgage~ not including sums advanced in accordance herewith to protect the
security of this Mottgage. exceed the original amount of the Note plus USS. . . . .-0- . . . . . . . . . . . . . .
22. Rde~ Upon payment of all sums secured by thi: Mortgaga. Lender shall rekase this Mongage without charge
to Borrower. Bomower shall pay all costs of recordat'an. if any, ,
23. Attwaey's Fees. As used in this Mortgage a~d in the Note. "attomey's feas" shall include attorney's fees. if any. _
which may be awuded by an appellate court.
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IN WI?NESS WHEREOF, BOItOWC[ I185 ~XCCUttd t11iS MOit$SgC. '
s~~a, ~a a~a a~u~na
in the raena of: ~
. ~ ~ u~- '
. . M . . . . . . ;
PAUL H. BAKER -s«~.
. ~,teE ;x e~ ~ . . . .°`.'u` .~~J . . . . . . . . . . .~.~:,1. a• . !.''~.~`~`.~y . . . . . . . . . . . . s
. Seal
ELLEN A. BAKER ~
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STATE OF FbOMfl71, CO~,RX~Q. . . . . . . . . . . . . . . ~l . P.aso .Councy ss: ;
I heceby certity that on t6is day, before me~ an oflicer duly authorized in the statc aforesaid and in the oounty ~
afonsaid to take acknowledgements, personally appeared. . . . .$~R ~ld .EI•I•FK A, .$A$ER . . . . . . _
• • ai~~ .~9T1~~ . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the :
fongoing instrument and acknowledged before me that ....~y. .....executcd the same for tbe p~rpose tberein '
expressed- .
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" 2 9th f
W1THESS my hand and official seal in the county and state aforesaid this . . . . . . . . . . . . . . . . . . . . . .day of t
t, ~ JU~Y. . . . .,19. 77.. s ~ '
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11~yC(~~aaex.pirca;~' July 14, 1981 , / .~.c L_ . '
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